PGIM Real Estate Leases 39565 SF To Yelp At 11 Madison Ave New York For $95/SF
LEASED
$95
New York
See Similar DealsOffice39,565 SF
Leased 08/08/2017
LEASED
PGIM Real Estate Leases 39565 SF To Yelp At 11 Madison Ave New York For $95/SF
11 Madison Ave, New York, NY, 10010
See Similar DealsOffice39,565 SF
Leased 08/08/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$95
Total Square Footage:39,565 SF
Transaction Type:Lease
The property involved in this transaction is located at 11 Madison Ave, New York, NY, 10010. The asset is situated in the New York market, covering a total area of 39,565 square feet. The rent per square foot for this property is $95.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: PGIM Real Estate
- Tenant: Yelp
- Landlord's Representative: David Kaufman - Lee & Associates, David Kaufman - Atlanta Fine Homes Sotheby's International Realty
The lease agreement features Yelp as the tenant, while PGIM Real Estate serves as the landlord. The transaction involves notable representation, with David Kaufman acting on behalf of the landlord through two agencies in this deal.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,308,899.66
Total Lease Value
$43,088,996.57
Net Landlord Cash Flow$4,308,899.66
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